South Carolina State is a month away from running out of money and is hoping state lawmakers will save the institution from “financial disaster,” the description used Thursday by the university’s budget committee chairman.
Katon Dawson, who heads the budget panel for the board of trustees and once was leader of the S.C. Republican Party, said S.C. State will have a $1 million shortfall next month and will not be able to meet the $2.26 million payroll for its 1,045 employees.
“I cannot tell you where the revenue stream is coming from,” Dawson told trustees Thursday, noting the money next month will “disappear very quickly. I don’t see any hidden money.”
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